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Politics : Stockman Scott's Political Debate Porch

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To: TigerPaw who wrote (5195)8/27/2002 10:51:49 AM
From: Jim Willie CB  Read Replies (1) of 89467
 
does this look like a USDollar double top here?

stockcharts.com[h,a]daclyyay[dc][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G

daily stochastix bull cross completed with minimal followthru
relative strenk is about neutral, not failing
20MA has crossed above 50MA now
all kinds of positive technical measures

I believe the US$ fells too far too fast
not that it didnt deserve it
but currency markets are bigger than supertankers
they resist unstable quick sustained moves
entire economies are disrupted

the dollar might rally some more, but without its heart in it
soon, with slower economic news, we resume the DIVE
we will see
/ jim
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